Shares jump on positive earnings reports from European banks

A pedestrian passes UBS headquarters in Zurich, Switzerland. The bank reported a return to profit on Tuesday after two loss-making quarters. Photograph: Stefan Wermuth/Bloomberg

Euronext Dublin, as the Irish market is known, was otherwise mostly in green with big moves by the main banks on foot of similar gains by lenders across the Continent. Bank of Ireland advanced by more than 6 per cent to €10.73 per share while AIB added almost 4 per cent to close at €5.14 per share. PTSB, meanwhile, shed 2 per cent to €1.47 per share with its first quarter trading update to follow on Wednesday morning.

Precious metal miners gained 2.1 per cent after the demand for safe-haven assets increased as a ceasefire in Gaza remains uncertain.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hotter-than-expected inflation data sends US stocks lowerIseq index outperforms its European peers, adding 0.75 per cent
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Iseq 20 Market Capitalisation Shrinks as CRH and Flutter Entertainment ExitThe total market capitalisation of Iseq 20 has decreased to just over €100 billion due to the exits of CRH and Flutter Entertainment. Malin, a pharma group, had high hopes after its IPO but concerns arose about its investments and high head-office costs.
Source: IrishTimes - 🏆 3. / 98 Read more »